Bonds Question: Radner Inc. issues 5-year bonds with a face value of $25,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 4%. What journal entry will the company make to record the bond issue? Dr. Cash 25,000,000 Dr. Discount on Bonds Payable 2,245,646 Cr. Bonds Payable 27,245,646 Dr. Cash 27,245,646 Cr. Premium on Bonds Payable 2,245,646 Cr. Bonds Payable 25,000,000